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Thailand’s economic development has been quite successful in terms of achieving high growth rate and reasonable per capita income. The country’s economic performance in terms of the transformation of production and exports are tending toward the normal pattern of increasing share of...
Persistent link: https://www.econbiz.de/10005790278
Dierences in key features of the development process across rich and poor countries can provide clues to the sources of the large variation of cross- country income. Kuznets included structural transformation as one of six stylized facts of economic development, nding that developed countries...
Persistent link: https://www.econbiz.de/10005622016
We estimate a finite mixture model in which countries are sorted into groups based on the similarity of the conditional distributions of their growth rates. We strongly reject the hypothesis that all countries follow a common growth process in favor of a model in which there are two classes of...
Persistent link: https://www.econbiz.de/10005786969
Parallel calculations on modern multiprocessing technics open new opportunities in application of mathematical models for research ekonomy of region. Use of normative models was limited to complexity of their identification due to a lot of unknown parameters. In work the technique of...
Persistent link: https://www.econbiz.de/10005787022
The rural subsystem of the NER economy consists of some 35 thousand villages inhabited by over 32 million people who constitute about 85 percent of the total population in the region. Of approximately 10.6 million main workers in the NER economy, about eight million workers are directly engaged...
Persistent link: https://www.econbiz.de/10005787026
The present economy is based on capital based income structure. Grameen Bank has shown how zero capital owners become small capital owners by taking micro-credits. However micro-credit can create very limited economic density in an area that is insufficient to eradicate poverty unless the root...
Persistent link: https://www.econbiz.de/10005787087
The purpose of this note is to clarify how the idea of "causal depth" can play a role in finding the more "approximately true" explanation through causal comparisons. It is not an exhaustive treatment but rather focuses on a few aspects that may be the most critical in evaluating the explanatory...
Persistent link: https://www.econbiz.de/10005787185
This paper presents a schematic history of the global economy since 1800. The economic and political logic of global capitalism in this period is defined by its ability to derive a growing share of its energy from fossil fuels. The explosive growth of this period, the dominance of capital, the...
Persistent link: https://www.econbiz.de/10005787212
We use panel data for nine industries to evaluate research and development (R&D) investments in New Zealand over the past forty years. We estimate the impact of R&D stocks in a particular industry on output per person in that industry and on output per person in the rest of the economy. We...
Persistent link: https://www.econbiz.de/10005787232
Do adjustment policies assist or retard growth? This paper presents data on economic performance (aggregate and sectoral growth, inflation, investment and external account) for 20 countries. The data are classified on an annual basis according to the country’s policy stance in that year:...
Persistent link: https://www.econbiz.de/10005787233